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An made the assertion throughout a gathering with Graham Stuart, UK Prime Minister’s Commerce Envoy to Vietnam, Cambodia and Laos, and the UK Ambassador to Vietnam in Hanoi on April 5.
On the assembly, the 2 sides underlined the success of the UK-Vietnam Free Commerce Settlement (UKVFTA) after one yr of implementation regardless of COVID-19 impacts.
Statistics from the Common Division of Vietnam Customs present commerce income between Vietnam and the UK reached 6.6 billion USD in 2021, up 17.2 % yr on yr, with Vietnam’s exports of almost 5.8 billion USD. Significantly, the export income of metal merchandise surged over 1,404 %.
Stuart extremely valued Vietnam’s dedication to attaining internet zero emission by 2020 on the COP26. He mentioned he’s delighted that Vietnam has made commitments in defending the forest, reducing using coal and decreasing methane emission. He welcomed Vietnam’s plans to regulate its methods and insurance policies relating to local weather change in alignment with the targets.
Sharing the UK’s expertise in growing renewable vitality to scale back dependence on coal-fueled vitality, Stuart inspired Vietnam to set extra formidable targets in boosting inexperienced development within the Energy Planning VIII, with extra plans and mechanisms to encourage funding in renewable vitality, given the nation’s nice potential in increasing renewable vitality due to its beneficial pure situations.
MoIT Deputy Minister An briefed the visitor on Vietnam’s immediate actions to understand its commitments at COP26, together with reviewing and adjusting the Energy Planning VII.
The 2 sides mentioned a plan to organise the twelfth assembly of the Vietnam – UK Joint Financial and Commerce Committee (JETCO 12) in Might in London.
Stuart talked about the co-organisation of a roundtable on renewable vitality on the sidelines of the JETCO, and invited a MoIT delegation to make a area journey to a wind farm within the UK.
Stuart mentioned that the UK is eager about exporting pork and poultry meat to Vietnam, suggesting that this situation be added to the agenda on the JETCO12.
An agreed to assign related businesses to work with the Ministry of Agriculture and Rural Improvement on this matter. Concluding the assembly, either side concurred to coordinate intently for stronger cooperation, particularly in getting ready for the JETCO12.
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